Ministry

Description

This scheme is meant to provide small loans to the eligible Scheduled
Tribes for undertaking self-employment ventures/activities only through the
existing profit making SHGs.

Sponsored By

Central Government of India

Objective

Eligibility

Scheduled Tribes and other Traditional Forest Dwellers

Beneficiaries

Benefits

NSTFDC provides loans up to Rs.35,000 per member and maximum Rs.5
lakh per SHG. SCAs shall provide eligible amount of margin
money/subsidy as per their norms for the target group and remaining
amount may be provided as the term loan by NSTFDC.

NSTFDC may provide up to 100% of the funds required as term loan in
case the SCAis/are not able to provide margin money/subsidy loan.

NSTFDC to SCAs: NSTFDC shall charge interest from the SCAs @ 3%
p.a.

SCAs to SHGs: SCAs shall charge interest at the rate of 6% p.a.
from the eligible self-help groups.

SHGs to members: Members of respective SHGs to decide the rate of
interest to be charged by the SHGs from its member but not exceeding
15% p.a.

Status

Sector

See Also

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